ABC Analysis Is Based Upon the Principle That

question 114

Multiple Choice

ABC analysis is based upon the principle that:

• A) all items in inventory must be monitored very closely.
• B) there are usually a few critical items, and many items that are less critical.
• C) an item is critical if its usage is high.
• D) more time should be spent on class "C" items because there are many more of them.
• E) as with grade distributions in many MBA courses, there should be more medium-level "B" items than either "A" or "C" items.

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Definitions:

Unconscious Psychological Processes

Mental activities beneath the conscious awareness that influence thoughts, feelings, and behaviors, central to psychoanalytic theories.

Mental Illness

Numerous mental health issues that modify mood, thinking, and behavioral patterns.

Psychotropics

Drugs that affect a person's mental state and are used to treat psychological disorders.

Mental Dysfunction

A broad term that refers to abnormalities in cognitive, emotional, or behavioral functioning.